While both new and used vehicles are taking longer to sell, certain vehicles sell much quicker than average. “The effective demand for these vehicles has slowed in the wake of the COVID-19 pandemic due to lockdowns and downturns in the economy, but the change was much more dramatic for new vehicles than for used vehicles,” said Phong Ly, chief executive officer of. For used cars, the average time to sell was 68.9 days compared to 50.1 days, pre-COVID-19. From March through June 2020, found that overall the average new car took 96.9 days to sell compared to 57.8 days before the coronavirus pandemic, November 2019 through February 2020.
Three Tesla models - led by the Model 3 -were among the fastest-selling used cars in the United States, according the analysis from .Īnother finding: The days it takes to sell a new car increased by 67.3 percent during the COVID-19 pandemic. SUVs took up most of the spots on the national top 10 fastest-selling list.
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